116R.09 BONDS; PURCHASE AND CANCELLATION.
The commissioner, subject to agreements with bondholders which may then exist, has power
out of any funds available for the purpose to purchase bonds of the commissioner at a price not
exceeding (a) if the bonds are then redeemable, the redemption price then applicable plus accrued
interest to the next interest payment date thereon, or (b) if the bonds are not redeemable, the
redemption price applicable on the first date after the purchase upon which the bonds become
subject to redemption plus accrued interest to that date.
History: 1991 c 350 art 1 s 9